The markets is on an upswing with the Sensex at a day's high thus far at 18,684 and the Nifty added 54 points to reach 5,600, the resistance point for the past two months. The broader markets too are in tandom with the midcap advancing by 0.8% and the smallcap index added 1%. The major mover among the sectoral indices is FMCG index which advanced 1.6% closely followed by Metal, Power and IT index adding 1% each.
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(Updated at 1028 hrs)
The markets continue to trade higher for the fifth consecutive day with the Sensex adding 135 points at 18,628 and the Nifty gained 37 points at 5,582. However, in the broader markets the smallcap index has advanced nearly 1% outperforming the midcap index up 0.5% and the BSE benchmark index trading higher by 0.8%.
In the smallcap space, 413 scrips advanced as against 88 declines. The movers here are KS Oils up 15% followed by A2Z Maintenance & Engineering, EID Parry, Financial Technologies, Shree Renuka Sugars and CESC gaining 5-6%.
Among the sectoral indices, Metal index continues to lead the sectoral indices followed by Power indiex up 1% each. On the other hand, the laggards in an otherwise buoyant market are Consumer Durables, Oil & Gas and Health Care indices adding 0.3% each.
The top Sensex gainers are Sterlite, Reliance Infrastructure and BHEL up 2% each followed by TCS, Tata Steel, Mahindra & Mahindra, Tata Power, HDFC, NTPC and Hindalco adding 1% each.
On the losers’ side are Bajaj Auto, L&T and ONCG losing in the range of 0.3-0.7%
The market breadth continues to be positive. Of the total 2231 stocks traded on the BSE, 1582 stocks have advanced while 567 declined.
